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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Antonov | LSE:ATV | London | Ordinary Share | GB00B3SHND79 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 59.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5633T Antonov PLC 22 December 2003 ANTONOV plc (the "Company" or "Antonov"), Announces Board Changes The Board of Antonov plc is pleased to announce that due to significant technological and commercial advances made by the Company recently, Roumen Antonov will in addition to his chairman's duties take responsibility for the Company's strategically important R&D function. At the same time Karl Ludvigsen has indicated that he wishes to retire as a Non-Executive Director of the Company for personal reasons. R&D function strengthened as Company moves towards commercialisation In the last six months it has become clear that customer demands and new development projects, especially those aimed at higher torque transmission applications will require additional attention. In order to exploit these opportunities as rapidly as possible, the Board has agreed that Roumen will in addition to his chairman's role (in a non-executive capacity since June 2003) also take responsibility for the Technical Director's function, concentrating his efforts on R&D as the Company's technology moves towards commercialisation. Karl Ludvigsen to retire as a Non-Executive Director Karl Ludvigsen, who has been a Non-Executive Director of Antonov since 1997, has indicated that he wishes for personal reasons to retire as a director of the Company. As a result of Karl's retirement Antonov will appoint a new Non-Executive Director in due course. Roumen Antonov said: "Following the recent successful introduction of our fifth generation six-speed automatic transmission and other follow-on developments that are currently being planned, it has become apparent that I will need to concentrate all my endeavours on new product development issues in 2004. We are currently expanding the Company's R&D capacity and expect to announce a number of new product initiatives in the near future. I would like to wish Karl the very best in his retirement and thank him for his invaluable loyalty and support during the Company's formative years." _____________________________ For further information please contact: David Bovell (Finance Director) Antonov plc Tel no: 00 44 776 873 5695 Zoe Biddick, Biddicks Tel no: 00 44 207 448 1000 This information is provided by RNS The company news service from the London Stock Exchange END BOAEASAAAAXDFFE
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